9 Jun 2010 07:00
Northwest InvestmentGroup Ltd. ("NWIG" or the "Company")
ADMISSION TO AIM
9 June 2010
The Directors of NWIG are pleased to announcethat the ordinary shares of the Company (the "Ordinary Shares") have today commencedtrading on AIM. The Ordinary Shares will trade under the ticker NWIG and the Company'sISIN is VGG666521015.
Northwest Investment Group Ltd. is a company incorporated under the laws of British Virgin Islands.The Company has been established for the purpose of identifying and acquiring, orinvesting in, energy projects with a focus on Western China.
On Admission NWIG will have no trading business,giving it a platform to carry out a detailed examination ofpotential acquisition targets. The Directors intend NWIG to complete the first acquisitionwithin 12 months of Admission, which they expect will constitutea Reverse Takeover (and therefore will require shareholderapproval) in order to provide the Company with an operating business.
The Investment Policy
The Company's objective is to generate an attractiverate of return for Shareholders by taking advantage of opportunities to invest inthe hydropower market in Western China. The Directors believe that Western Chinais relatively underdeveloped and therefore offers an attractive potential opportunityto invest in hydropower energy. The Directors also believe that it is likely thatthere will be continued governmental support for investment in hydropower projectsin this region.
The Company is seeking to make a sizeable acquisitionwithin a year of Admission, which most likely would be deemed a Reverse Takeoverand therefore would require shareholders' approval. It does not intend to make anyother smaller acquisitions or investments before then. The Company will ultimatelyaim to acquire/invest in up to 2 power-generation projects with a capacity of approximately200 megawatts. The Directors intend that the construction of these projects wouldbe completed before 2012.
Before making an acquisition the Board or an independentthird party will carry out a feasibility study report to check the environmentalimpact and to carry out a relevant profitability analysis for each potential project.The Board will only complete an acquisition if the project is considered environmentallyfriendly and economically profitable.
The Company will be a value and growth orientedinvestor, targeting opportunities with the ability for the Company to add value eitherthrough its access to capital, its network of contacts or by recruiting high-qualitypersonnel. The Company intends to be an "active" investor rather than a "passive"investor.
The Company has placed 12,000,000 shares at 25pto raise £3 million of capital. On Admission the Company has 13,300,000 OrdinaryShares in issue and a market capitalization of approximately £3.325 million at thePlacing Price.
ZAI Corporate Finance has been appointed as NominatedAdviser and Broker to the Company.
A copy of the admission document and relevantinformation provided under AIM Rule 26 is available from the Company's website atwww.northwestinv.com.
For furtherinformation contact:
| Northwest Investment Group Ltd. Mr. Zheng Kang www.northwestinv.com
| +86-13801135671 |
| ZAI Corporate Finance NOMAD and Broker Ray Zimmerman/John Depasquale
| 020 7060 2220 |
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Board of Directors
Kevin Lee
Kevin Lee graduated from The Beijing Universityof International Business and Economics with a dual degree in Economics and Law.After graduation, he worked for China Securities Research CITIC and received professionaltraining in domestic security systems. During this time, he was primarily involvedin capital markets research specifically covering macro-economics, fund and bondinvestments, investment strategy and mergers and acquisitions.
Zheng Kang
Zheng Kang is a Chinese Energy Policy and investmentspecialist. He graduated from The School of Business Administration of Hunan Universitywith a MBA Degree in 2001. In the same year, he joined the Chinese National Committeeof the World Energy Council and also took responsibility as an analyst for CleanEnergy Policy and Investment in China. He studied at the School of Economics andManagement of Tsinghua University and obtained a Doctor of Business AdministrationDegree. In 2003, he joined the International Cooperation Bureau of the State GridCorporation of China as a project manager. His roles included international energydevelopment research and several international energy cooperation projects. In June2005, he was elected as the Chairman of China Clean Development Mechanism (CDM) PromotionCommittee and recognised as an expert in China CDM industry. In October 2006, hebecame Chairman of China CDM Exchange Centre Limited, which is traded on the PLUSmarket.
Tracy Lau
Tracy Lau graduated from the Shandong Universitywith a LL.B. After graduation, she joined Shandong Weifang Steel Group and workedin the legal department. During 2000-2002, she studied Executive Master of BusinessAdministration (EMBA) at TsingHua University and worked for the Beijing Asian-PacificJinke Investment Consultancy Co., Ltd. Through this experience, she has obtainedextensive knowledge of market planning and strategic management.
Ka Ming Wong
Ka Ming Wong graduated from the Chinese Universityof Hong Kong with a bachelor's degree in economics and a master's degree in BusinessAdministration. He has more than 25 years experience in financing and investing.He is currently managing director of KASH Strategic Ltd, a corporate finance consultancyfirm. He had held senior positions in large financial organizations such as Sun HungKai Securities Limited and Dao Heng Securities Ltd. Mr. Wong had been a licensedSecurities Dealing Director and Commodities Dealing Director with the Securitiesand Futures Commission of Hong Kong. He was previously a director of Jarlway HoldingsPLC which was listed on AIM.
Tiam Huat Lim
Tiam Huat Lim graduated from the University ofEast Anglia with a BA and MA in Economics. He qualified as a Chartered Accountantwith Ernst and Young in 1993. He has considerable experience of managing financialmatters within SMEs in the United Kingdom and the Asia Pacific region. He was theChairman, Chief Executive Officer and Chief Financial Officer of Asia Resources Plc,an AIM listed company, from September 2006 to January 2008. Following its ReverseTakeover in January 2008, he was the Chief Financial Officer until December 2008.He was Group Financial Controller of Minova International Limited, from 2003 to 2006,with responsibility in global financial matters, during which time the Minova Groupextended its mining activities, initially in the tunnelling sector and subsequentlyin the civil and infrastructure market.
Yi Feng
Yi Feng, is currently Deputy Director in the CommunistOffice of the Chinese Institute of Certified Public Accountants. In 2002, he obtaineda Masters Degree in Management Science and Engineering from China Agricultural University.From 2002 to 2005, he worked in the Comprehensive Department (subsequently the PropagandaDepartment) of the Beijing Institute of Certified Public Accountants. Since then,he has been involved in "the Study of Enterprise Financial Risk Precaution and ControllingMechanism" project which was sponsored by the Natural Science Foundation of China.This role included carrying out feasibility studies in connection with the designof Technical Zones in the city of Changchun and Yantai. His particular specialisationis in project feasibility studies, inter alia, in the area of investment financialanalysis, financing and auditing.
Northwest Investment Group (NWIG)